You don’t need a finance degree to have money smarts. Understanding a few simple terms can help you lead your best financial ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income ...

So, if you spend $500 a month on credit card and auto loan payments and your monthly pre-tax income is $2,000, your DTI is 25%. On a conventional mortgage, the maximum DTI you can have varies ...

The bill would create a new 3% surcharge on income above $625,000, in practice, $750,000 in pre-tax total income. Massachusetts put a tax on people making $1 million a year in 2023. Rhode Island ...